Square Inc. (NYSE:SQ) shares rose 5.8% during trading on Tuesday . The company traded as high as $12.54 and last traded at $12.50, with a volume of 13,599,374 shares traded. The stock had previously closed at $11.82.

SQ has been the subject of a number of recent research reports. Compass Point upgraded Square from a “neutral” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Tuesday, May 17th. BTIG Research upgraded Square from a “neutral” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Monday, May 23rd. They noted that the move was a valuation call. Vetr downgraded Square from a “strong-buy” rating to a “buy” rating and set a $16.40 price objective for the company. in a research note on Wednesday, April 27th. Goldman Sachs Group Inc. restated a “buy” rating and set a $15.00 price objective on shares of Square in a research note on Saturday, May 7th. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Square in a research note on Sunday, May 8th. Fourteen research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Square has a consensus rating of “Buy” and a consensus target price of $12.83.

The company’s market capitalization is $4.23 billion. The company’s 50 day moving average is $10.29 and its 200 day moving average is $11.01.

Square (NYSE:SQ) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.03. The firm earned $439 million during the quarter, compared to the consensus estimate of $406.93 million. The business’s revenue for the quarter was up 54.1% compared to the same quarter last year. On average, analysts anticipate that Square Inc. will post ($0.60) EPS for the current year.

In related news, insider Dana Wagner sold 50,000 shares of the company’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $11.29, for a total transaction of $564,500.00. Following the sale, the insider now owns 321,315 shares in the company, valued at $3,627,646.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James Morgan Jr. Mckelvey sold 135,000 shares of the company’s stock in a transaction dated Wednesday, May 25th. The stock was sold at an average price of $9.80, for a total value of $1,323,000.00. Following the sale, the director now owns 200,654 shares in the company, valued at approximately $1,966,409.20. The disclosure for this sale can be found here.

An institutional investor recently bought a new position in Square stock. BlackRock Advisors LLC purchased a new position in Square Inc. (NYSE:SQ) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,440,945 shares of the company’s stock, valued at approximately $18,862,000. BlackRock Advisors LLC owned about 0.92% of Square at the end of the most recent reporting period.

Square, Inc enables payment processing, and also offers financial and marketing services. The Company provides sellers various tools to start, run, manage and grow their businesses. It serves sellers of all sizes, ranging from a single vendor at a farmers’ market to multinational businesses. It serves as a payment service provider, acting as the touch point for the seller to the rest of the payment chain.

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